My very first pay a visit to to the Lake Section during my stay in the UK has been the memorable one. We bear in mind sipping a cup connected with coffee inside my little apartment that neglected the water and being enthralled by means of the rustic charms associated with nature that distributed just before my very sight. What exactly followed next was a trace of despondence, for your abundant greeneries and seas had been something that I can definitely not get in my beloved country, Singapore.

Right now, fast-forward your five years, in addition to you could imagine our excitement when the Singapore government announced the revitalization recharging, resurgence, , revival, stimulation of Punggol as often the Waterfront Town of often the 21st Century.

Punggol while the Waterfront Town from the 21st Century

Traditionally a new fishing community and some sort of sleepy estate in recent ages, Punggol is currently making the most of a radical transformation straight into an exciting waterfront village.

In the centre of its progress is a some. 2 km long waterway that embodies three crucial design elements: Green, Waters plus People. This impressive period of waterway comprises some sort of wide array of activities in addition to facilities – coming from leisurely to educational – most connected together by often the natural landscape connected with lakes and rivers and lush greeneries. It is no wonder exactly why Prime Minister Shelter Hsien Loong described often the waterway as a “green chest in the middle regarding our tight city”.

Help to make no mistake, Punggol is definitely not all just on the subject of undulating landscaped hills and even violet waters. By simply 2015, you will have a new commercial heart and even town agora located right at the MRT station, and the city is poised for being as big as Ang Mo Kio (an hugely popular mature estate in Singapore).

My spouse and i strongly feel that these kind of happen to be legitimate reasons in order to make the early expenditure in Punggol while the particular opportunity is still there.

Typically the Lure of Management Condominiums

My partner and i hear you ask : is often the opportunity to invest nevertheless there? Yes, and the idea lies in the Executive Condominiums, fondly referred to as ‘ECs’.

ECs are part of public housing in Singapore but fully produced and sold by private builders. This is a good federal effort that serves to homebuyers who will be ineligible for the cheaper HDB flats but cannot afford prices of private home.

Subsequently, ECs are generally offered from a far lower quantum (usually priced 20-25% lower) compared to a private condo with similar facilities, hence the past much more cost-effective.

In addition , interested EC 1st moment buyers which are qualified to the government housing awards (CPF grant) can enjoy a new security of way up to SGD $30, 000. This is dependent about the mixed monthly earnings of the purchasers. Presently there is also no second-hand garnishment for 2nd time period purchasers. To understand The Myst Condo Cashew MRT Station about the eligibility, make sure you relate to the Casing Advancement Board’s EC Qualifications.

The most important thing to consider for buying ECs will be its robust probable for capital appreciation. By simply doing a trend analysis, the values of ECs have risen considerably around the years since the introduction into the housing sector. Park Green, launched within Apr 03 on $324 psf is now attractive $746 psf, some sort of fine expense for a lot of. Bishan Loft area, launched in 2001 at $421 psf, may now get above $1000 psf. This specific translates for you to more than a completely capital appreciation.

After ten years of title, the particular EC will be privatized and may be sold to help foreigners. The opportunity to sell to help a wide market fundamentally means that there can be a larger market associated with potential buyers to sell this EC to.

ECs within the Punggol Vicinity

Luckliy for the quite a few who are thinking about investing in Punggol, there are a new few upcoming EC launches in the next pair of months.

Located at typically the coronary heart of Punggol can be Waterbay EC. The expected kick off date is in Oct 10. Other superior investment prospects in the place include Heron Fresh EC and Fernvale EC.

Now, fast-forward one more 5 several years, when I are drinking my cup regarding espresso in the condo the fact that overlooks the all-natural landscape and blue seas, the idea will not end up being in the UK, but in my beloved residence, Singapore.

Home Review : Janice is actually a promising real estate agent at Singapore’s leading property agency TIME. She can be passionate and interested in being able to help her clients devote throughout the best attributes within Singapore.